By David Gross
Lab robotics supplier Opentrons has signed a ten year lease for 48,000 square feet at the Innolabs facility in Long Island City. The company will be moving its HQ there from nearby in Dumbo. The location, at 45-18 Court Square, is across the tracks from Alexandria's Center for Life Sciences on 48th Avenue and near the entrance to the Queens-Midtown Tunnel. Crain's is reporting asking rents were around $85/foot.
I've long thought Long Island City had a lot of potential for life sciences. Located where Amazon wanted to build one of its HQ2's, it has the downtown adjacent location that allows for better accommodation of biotech ceiling, power, and HVAC requirements than midtown office towers, and is across the East River from both the Sloan Kettering/Rockefeller U labs in the East 60s, and NYU's cluster around East 30th St. Innolabs, the landlord, is a joint venture among King Street Properties, GFP Real Estate, and the Carlyle Group.
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